Air Lease Co. (NYSE:AL) Shares Purchased by Cooke & Bieler LP

Cooke & Bieler LP grew its holdings in Air Lease Co. (NYSE:AL - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,420,054 shares of the transportation company's stock after purchasing an additional 133,195 shares during the period. Cooke & Bieler LP owned approximately 1.28% of Air Lease worth $59,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AL. Bank of Montreal Can lifted its stake in Air Lease by 140.6% during the 1st quarter. Bank of Montreal Can now owns 126,761 shares of the transportation company's stock worth $5,642,000 after acquiring an additional 74,067 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Air Lease during the 1st quarter worth about $96,000. BlackRock Inc. lifted its stake in Air Lease by 1.6% during the 1st quarter. BlackRock Inc. now owns 5,763,177 shares of the transportation company's stock worth $257,324,000 after acquiring an additional 90,225 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Air Lease by 7.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,825 shares of the transportation company's stock worth $368,000 after acquiring an additional 535 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Air Lease by 7.3% during the 1st quarter. Sei Investments Co. now owns 96,738 shares of the transportation company's stock worth $4,324,000 after acquiring an additional 6,568 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AL shares. Barclays increased their target price on Air Lease from $48.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. BMO Capital Markets upped their price target on Air Lease from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Finally, StockNews.com downgraded Air Lease from a "buy" rating to a "hold" rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Air Lease presently has an average rating of "Moderate Buy" and an average price target of $53.25.

Air Lease Stock Up 0.6 %

NYSE AL traded up $0.30 during trading hours on Friday, hitting $49.03. 875,024 shares of the company were exchanged, compared to its average volume of 1,106,685. The company has a 50 day moving average of $45.73 and a two-hundred day moving average of $41.39. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 52-week low of $33.33 and a 52-week high of $51.77. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.67 and a beta of 1.65.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The company had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the business earned $1.21 EPS. Air Lease's revenue was up 19.1% on a year-over-year basis. Equities research analysts anticipate that Air Lease Co. will post 5.64 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.71%. Air Lease's payout ratio is currently 16.31%.

Insider Activity

In other news, EVP Carol Hyland Forsyte sold 3,046 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the transaction, the executive vice president now owns 72,073 shares in the company, valued at approximately $2,884,361.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Alex A. Khatibi sold 11,199 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the transaction, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Carol Hyland Forsyte sold 3,046 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the transaction, the executive vice president now owns 72,073 shares in the company, valued at approximately $2,884,361.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,646 shares of company stock worth $3,705,152. 6.64% of the stock is currently owned by insiders.

Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.